Kelso Fund VIII Announces Initial Public Offering of Tallgrass Energy Partners GP, LP

Kelso is pleased to announce the pricing of the initial public offering of Tallgrass Energy Partners GP, LP (“TEGP”; NYSE: TEGP) on May 6, 2015. TEGP, which owns the general partner of Tallgrass Energy Partners, LP (“TEP”; NYSE: TEP) and 20 million common units of TEP, sold 47,725,000 Class A shares at $29.00 per share, raising $1.4 billion of gross proceeds. The Class A shares began trading on the New York Stock Exchange on May 7th and closed their first day of trading at $31.75 per share, an increase of 9.5% above the IPO price.